Birmingham Capital Management Co. Inc. AL cut its holdings in shares of Duke Energy Corp (NYSE:DUK) by 0.6% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 45,103 shares of the utilities provider’s stock after selling 266 shares during the period. Duke Energy comprises about 1.8% of Birmingham Capital Management Co. Inc. AL’s portfolio, making the stock its 18th biggest position. Birmingham Capital Management Co. Inc. AL’s holdings in Duke Energy were worth $4,059,000 at the end of the most recent quarter.
Other large investors have also modified their holdings of the company. Vanguard Group Inc grew its position in shares of Duke Energy by 2.9% during the third quarter. Vanguard Group Inc now owns 54,434,882 shares of the utilities provider’s stock worth $4,355,880,000 after buying an additional 1,539,841 shares in the last quarter. BlackRock Inc. grew its position in shares of Duke Energy by 2.6% during the fourth quarter. BlackRock Inc. now owns 48,270,073 shares of the utilities provider’s stock worth $4,165,706,000 after buying an additional 1,226,657 shares in the last quarter. Northern Trust Corp grew its position in shares of Duke Energy by 4.7% during the fourth quarter. Northern Trust Corp now owns 9,338,113 shares of the utilities provider’s stock worth $805,879,000 after buying an additional 415,434 shares in the last quarter. Geode Capital Management LLC grew its position in shares of Duke Energy by 9.2% during the fourth quarter. Geode Capital Management LLC now owns 8,951,045 shares of the utilities provider’s stock worth $771,079,000 after buying an additional 750,534 shares in the last quarter. Finally, FMR LLC grew its position in shares of Duke Energy by 41.8% during the fourth quarter. FMR LLC now owns 7,411,128 shares of the utilities provider’s stock worth $639,581,000 after buying an additional 2,186,456 shares in the last quarter. Institutional investors own 60.74% of the company’s stock.
A number of equities analysts have recently commented on DUK shares. ValuEngine downgraded Duke Energy from a “buy” rating to a “hold” rating in a research report on Wednesday, April 3rd. Bank of America downgraded Duke Energy from a “buy” rating to a “neutral” rating and lowered their price target for the company from $88.00 to $87.00 in a report on Wednesday, January 9th. They noted that the move was a valuation call. Zacks Investment Research downgraded Duke Energy from a “buy” rating to a “hold” rating in a report on Tuesday, January 8th. Credit Suisse Group downgraded Duke Energy from an “outperform” rating to a “neutral” rating in a report on Friday, February 15th. Finally, Morgan Stanley upped their price target on Duke Energy from $85.00 to $88.00 and gave the company an “equal weight” rating in a report on Tuesday, February 12th. Nine investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $86.10.
Shares of DUK opened at $90.32 on Monday. The company has a debt-to-equity ratio of 1.17, a current ratio of 0.65 and a quick ratio of 0.44. The company has a market capitalization of $65.72 billion, a P/E ratio of 19.14, a price-to-earnings-growth ratio of 3.66 and a beta of 0.06. Duke Energy Corp has a 52-week low of $71.96 and a 52-week high of $91.67.
Duke Energy (NYSE:DUK) last announced its quarterly earnings results on Thursday, February 14th. The utilities provider reported $0.84 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.89 by ($0.05). The business had revenue of $6.12 billion during the quarter, compared to analyst estimates of $5.84 billion. Duke Energy had a net margin of 10.87% and a return on equity of 7.80%. The business’s revenue for the quarter was up 5.4% compared to the same quarter last year. During the same period last year, the company earned $0.94 earnings per share. On average, sell-side analysts predict that Duke Energy Corp will post 4.94 EPS for the current fiscal year.
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Duke Energy Company Profile
Duke Energy Corp. engages in distribution of natural gas and energy related services. It operates through the following segments: Electric Utilities and Infrastructure, Gas Utilities and Infrastructure, and Commercial Renewables. The Electric Utilities and Infrastructure segment conducts operations primarily through the regulated public utilities of Duke Energy Carolinas, Duke Energy Progress, Duke Energy Florida, Duke Energy Indiana and Duke Energy Ohio.
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